Global Harmonic Filter Market Size By Type (Active, Passive), By Voltage Level (Low Voltage, Medium Voltage, High Voltage), By Geographic Scope And Forecast

Harmonic Filter Market size was valued at USD 467.87 Million in 2024 and is projected to reach USD 755.34 Million by 2031, growing at a CAGR of 6.17% from 2024 to 2031. Government regulations, increased demand from IT and data centers, expanding end-user acceptance of variable frequency, rising demand for power quality, and awareness of the possible harm from harmonics are some of the key drivers propelling the Harmonic Filter Market globally. The market for harmonic filters has grown dramatically as a result of the increasing use of harmonic filters in commercial and industrial settings, including variable speed motor drives (VSDs), power converters, light dimmers, and fluorescent lamps. The Global Harmonic Filter Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Harmonic Filter Market Definition

Harmonics are voltages or currents that occur in electrical power circuits at fundamentally different frequencies. It's usually referred to as power line noise. Voltage harmonics and current harmonics are two different types of harmonics that exist in the power system. But employing a harmonic filter to remove harmonics from power systems is crucial; otherwise, the power connection must be redesigned to regulate nonlinear loads.

A harmonic filter is a device that is used to moderate, reduce harmonics in a power system to reasonable levels. At crucial working circuit locations, this harmonic filter is designed to lessen or completely remove harmonic resonance and distortion. Usually, excessive currents flowing into and out of appliances cause harmonic distortion. A harmonic filter minimizes operation and operating expenses while preventing extremely high harmonics from causing equipment damage. In order to prevent component damage or utility provider fines, these are employed in a variety of industries including HVAC, oil, gas, mining, and wastewater.

The harmonic filter can be built using a variety of electronic parts, such as resistors, capacitors, and inductors, to stop extra harmonic currents from being sent to the ground. These filters are primarily made to stop particular frequency harmonics. Harmonic filters come in active and passive varieties. The elements employed in the filter design for these two differ significantly from one another. While the passive harmonic filter uses various passive components like resistors, capacitors, and inductors, the active harmonic filter makes use of active components like ICs, BJTs, IGBTs, and MOSFETs.

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Global Harmonic Filter Market Overview

The global Harmonic Filter Market has evolved significantly over the past few decades. The market was initially driven by the need to improve power quality in industrial applications. However, the market has since expanded to include a broader range of applications, such as commercial, residential, and renewable energy. The parent market of the global Harmonic Filter Market is the power quality market. Power quality solutions encompass a range of technologies and products designed to ensure a stable and high-quality electrical power supply, which includes addressing issues like voltage fluctuations, sags, surges, and harmonics.

Harmonic filters are a specific power quality solution that mitigates harmonic distortions. The power quality market is concerned with the delivery of electricity that is free from distortions and disturbances. Harmonic filters are one of the many solutions that can be used to improve power quality. The recent developments in the global Harmonic Filter Market include the development of new technologies, such as active and hybrid harmonic filters. These new technologies offer improved performance and efficiency over traditional passive harmonic filters.

The Harmonic Filter Market evolved in response to the growing concern about power quality issues caused by harmonics in electrical systems. Harmonics, unwanted frequency components of electrical signals, can lead to equipment malfunctions, increased energy consumption, and disruptions in power distribution networks.

Global Harmonic Filter Market Segmentation Analysis

The Global Harmonic Filter Market is Segmented on the basis of Type, Voltage Level, And Geography.

Harmonic Filter Market, By Type

Active
Passive
To Get a Summarized Market Report By Type:-

Based on Type, the market is segmented into Active and Passive. Active accounted for the largest market share of 42.88% in 2022, with a market value of USD 481.71 Million, and is projected to grow at the highest CAGR of 6.24% during the forecast period.

Harmonic Filter Market, By Voltage Level

Low Voltage
Medium Voltage
High Voltage
To Get a Summarized Market Report By Voltage Level:-

Based on the Voltage Level, the market is segmented into Low Voltage, Medium Voltage, and High Voltage. Low Voltage accounted for the largest market share of 59.63% in 2022, with a market value of USD 669.81 Million, and is projected to grow at the highest CAGR of 6.87% during the forecast period.

Harmonic Filter Market, By Geography

North America
Europe
Asia Pacific
Latin America
Middle East and Africa
To Get a Summarized Market Report By Geography:-
On the basis of Regional Analysis, the Global Harmonic Filter Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia-Pacific accounted for the largest market share of 39.23% in 2022, with a market value of USD 440.68 Million, and is projected to grow at the highest CAGR of 6.63% during the forecast period.

Key Players

The "Global Harmonic Filter Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
ABB Ltd, LPINZ, Schneider Electric, Mirus International, Eaton, Enspec Power Ltd, Larsen & Toubro Ltd, Schaffner Holdings AG, Comsys AB, Siemens AG, MTE Corporation, CC Power and Industrial Solutions Ltd., AVX Corporation, TDK Corporation, Arteche, and others.

Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player's financial statements, along with product benchmarking and SWOT analysis. Key development strategies, market share analysis, and market positioning analysis of the aforementioned players globally are also included in the competitive landscape section.

Key Developments

A third-generation DPM active harmonic filter that may be used with high-frequency current sensors to continuously monitor the load current was released by Mesta Electronics, Inc. in January 2019.
In order to meet the demands of industrial and commercial applications, MTE Corporation introduced line extensions for matrix AP harmonic filters and sinewave guardian filters in October 2018. These products can run at 600V and provide great power efficiency and performance.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories
Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Harmonic Filter Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter's Five Forces
The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. Porter's five forces model can be used to assess the competitive landscape in the Global Harmonic Filter Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Product Code: 24969

1 INTRODUCTION

1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW
2.11 DATA SOURCES

3 EXECUTIVE SUMMARY

3.1 GLOBAL HARMONIC FILTER MARKET OVERVIEW
3.2 GLOBAL HARMONIC FILTER MARKET ESTIMATES AND FORECAST (USD MILLION), 2021-2030
3.3 GLOBAL HARMONIC FILTER ECOLOGY MAPPING
3.4 COMPETITIVE ANALYSIS: FUNNEL DIAGRAM
3.5 GLOBAL HARMONIC FILTER MARKET ABSOLUTE MARKET OPPORTUNITY
3.6 GLOBAL HARMONIC FILTER MARKET ATTRACTIVENESS ANALYSIS, BY REGION
3.7 GLOBAL HARMONIC FILTER MARKET ATTRACTIVENESS ANALYSIS, BY TYPE
3.8 GLOBAL HARMONIC FILTER MARKET ATTRACTIVENESS ANALYSIS, BY VOLTAGE
3.9 GLOBAL HARMONIC FILTER MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.10 GLOBAL HARMONIC FILTER MARKET, BY YPE (USD MILLION)
3.11 GLOBAL HARMONIC FILTER MARKET, BY VOLTAGE (USD MILLION)
3.12 GLOBAL HARMONIC FILTER MARKET, BY GEOGRAPHY (USD MILLION)
3.13 FUTURE MARKET OPPORTUNITIES

4 MARKET OUTLOOK

4.1 GLOBAL HARMONIC FILTER MARKET EVOLUTION
4.2 HARMONIC FILTER MARKET OUTLOOK
4.3 MARKET DRIVERS
- 4.3.1 INCREASED DEMAND FROM IT AND DATA CENTERS
- 4.3.2 RISING CONCERNS ABOUT POWER QUALITY
- 4.3.3 GROWING RENEWABLE ENERGY INTEGRATION
4.4 MARKET RESTRAINTS
- 4.4.1 TECHNICAL CHALLENGES
- 4.4.2 COMPETITION FROM SUBSTITUTES
4.5 MARKET TRENDS
- 4.5.1 THE GROWING TREND OF POWER SYSTEM DECENTRALISATION
- 4.5.2 VARIABLE FREQUENCY DRIVES (VFDS) ARE BECOMING MORE AND MORE POPULAR
- 4.5.3 THE INCREASING ADVANCEMENTS IN FILTER DESIGN
4.6 MARKET OPPORTUNITY
- 4.6.1 INDUSTRIAL AUTOMATION AND INDUSTRY 4.0
- 4.6.2 SMART CITIES AND INFRASTRUCTURE DEVELOPMENT
- 4.6.3 ELECTRIFICATION OF TRANSPORTATION:
4.7 PORTER'S FIVE FORCES ANALYSIS
- 4.7.1 THREAT OF NEW ENTRANTS
- 4.7.2 THREAT OF SUBSTITUTES
- 4.7.3 BARGAINING POWER OF SUPPLIERS
- 4.7.4 BARGAINING POWER OF BUYERS
4.8 VALUE CHAIN ANALYSIS
4.9 PRICING ANALYSIS
4.10 MACROECONOMIC ANALYSIS

5 MARKET, BY TYPE

5.1 OVERVIEW
5.2 GLOBAL HARMONIC FILTER MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY TYPE
5.3 ACTIVE
5.4 PASSIVE

6 MARKET, BY VOLTAGE LEVEL

6.1 OVERVIEW
6.2 GLOBAL HARMONIC FILTER MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY VOLTAGE LEVEL
6.3 LOW VOLTAGE
6.4 MEDIUM VOLTAGE
6.5 HIGH VOLTAGE

7 MARKET, BY GEOGRAPHY

7.1 OVERVIEW
7.2 NORTH AMERICA
- 7.2.1 NORTH AMERICA MARKET SNAPSHOT
- 7.2.2 U.S.
- 7.2.3 CANADA
- 7.2.4 MEXICO
7.3 EUROPE
- 7.3.1 EUROPE MARKET SNAPSHOT
- 7.3.2 GERMANY
- 7.3.3 U.K.
- 7.3.4 FRANCE
- 7.3.5 ITALY
- 7.3.6 SPAIN
- 7.3.7 REST OF EUROPE
7.4 ASIA PACIFIC
- 7.4.1 ASIA PACIFIC MARKET SNAPSHOT
- 7.4.2 CHINA
- 7.4.3 JAPAN
- 7.4.4 INDIA
- 7.4.5 REST OF ASIA PACIFIC
7.5 LATIN AMERICA
- 7.5.1 LATIN AMERICA MARKET SNAPSHOT
- 7.5.2 BRAZIL
- 7.5.3 ARGENTINA
- 7.5.4 REST OF LATIN AMERICA
7.6 MIDDLE EAST AND AFRICA
- 7.6.1 MIDDLE EAST AND AFRICA MARKET SNAPSHOT
- 7.6.2 UAE
- 7.6.3 SAUDI ARABIA
- 7.6.4 SOUTH AFRICA
- 7.6.5 REST OF MEA

8 COMPETITIVE LANDSCAPE

8.1 OVERVIEW
8.2 KEY DEVELOPMENT
8.3 COMPANY MARKET RANKING ANALYSIS
8.4 COMPANY REGIONAL FOOTPRINT
8.5 ACE MATRIX
- 8.5.1 ACTIVE
- 8.5.2 CUTTING EDGE
- 8.5.3 EMERGING
- 8.5.4 INNOVATORS

9 COMPANY PROFILES

9.1 SCHNEIDER ELECTRIC
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 COMPANY INSIGHTS
- 9.1.3 SEGMENT BREAKDOWN
- 9.1.4 PRODUCT BENCHMARKING
- 9.1.5 KEY DEVELOPMENTS
- 9.1.6 CURRENT FOCUS & STRATEGIES
- 9.1.7 THREAT FROM COMPETITION
- 9.1.8 SWOT ANALYSIS
9.2 EATON
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 COMPANY INSIGHTS
- 9.2.3 SEGMENT BREAKDOWN
- 9.2.4 PRODUCT BENCHMARKING
- 9.2.5 CURRENT FOCUS & STRATEGIES
- 9.2.6 THREAT FROM COMPETITION
- 9.2.7 SWOT ANALYSIS
9.3 SCHAFFNER HOLDING AG
- 9.3.1 COMPANY OVERVIEW
- 9.3.2 COMPANY INSIGHTS
- 9.3.3 PRODUCT BENCHMARKING
- 9.3.4 KEY DEVELOPMENTS
- 9.3.5 CURRENT FOCUS & STRATEGIES
- 9.3.6 THREAT FROM COMPETITION
- 9.3.7 SWOT ANALYSIS
9.4 ABB LTD.
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 COMPANY INSIGHTS
- 9.4.3 SEGMENT BREAKDOWN
- 9.4.4 PRODUCT BENCHMARKING
- 9.4.5 KEY DEVELOPMENTS
9.5 MIRUS INTERNATIONAL
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 COMPANY INSIGHTS
- 9.5.3 PRODUCT BENCHMARKING
9.6 LPINZ
- 9.6.1 COMPANY OVERVIEW
- 9.6.2 COMPANY INSIGHTS
- 9.6.3 PRODUCT BENCHMARKING
9.7 MTE CORPORATION
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 COMPANY INSIGHTS
- 9.7.3 PRODUCT BENCHMARKING
- 9.7.4 KEY DEVELOPMENTS
9.8 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED (CG)
- 9.8.1 COMPANY OVERVIEW
- 9.8.2 COMPANY INSIGHTS
- 9.8.3 SEGMENT BREAKDOWN
- 9.8.4 PRODUCT BENCHMARKING
9.9 AVX CORPORATION
- 9.9.1 COMPANY OVERVIEW
- 9.9.2 COMPANY INSIGHTS
- 9.9.3 SEGMENT BREAKDOWN
- 9.9.4 PRODUCT BENCHMARKING
- 9.9.5 KEY DEVELOPMENTS
9.10 TDK CORPORATION
- 9.10.1 COMPANY OVERVIEW
- 9.10.2 COMPANY INSIGHTS
- 9.10.3 SEGMENT BREAKDOWN
- 9.10.4 PRODUCT BENCHMARKING
- 9.10.5 KEY DEVELOPMENTS
9.11 ARTECHE
- 9.11.1 COMPANY OVERVIEW
- 9.11.2 COMPANY INSIGHTS
- 9.11.3 SEGMENT BREAKDOWN
- 9.11.4 PRODUCT BENCHMARKING
- 9.11.5 KEY DEVELOPMENTS
9.12 COMSYS AB
- 9.12.1 COMPANY OVERVIEW
- 9.12.2 COMPANY INSIGHTS
- 9.12.3 PRODUCT BENCHMARKING
- 9.12.4 KEY DEVELOPMENTS
9.13 SIEMENS AG
- 9.13.1 COMPANY OVERVIEW
- 9.13.2 COMPANY INSIGHTS
- 9.13.3 PRODUCT BENCHMARKING
9.14 ENSPEC POWER LTD
- 9.14.1 COMPANY OVERVIEW
- 9.14.2 COMPANY INSIGHTS
- 9.14.3 PRODUCT BENCHMARKING
- 9.14.4 KEY DEVELOPMENTS
9.15 LARSEN & TOUBRO LIMITED (L&T)
- 9.15.1 COMPANY OVERVIEW
- 9.15.2 COMPANY INSIGHTS
- 9.15.3 PRODUCT BENCHMARKING